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Cost of Importing Crude Soybean Oil in China--12/15/2020

2020-12-15 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid Var.
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne CNY/tonne
SBO, US Gulf Feb/Mar 38.52 +0.46 +650H 993 66 1059 10180 120
   
SBO, Argentina Jan 38.73 +0.49 +540F 973 66 1039 8150 120
Feb 38.52 +0.46 +390H 935 66 1001 7850 100
May/Jun/Jul 38.11 +0.45 +140N 871 66 937 7360  
   
SBO, Brazil Feb 38.52 +0.46 +610H 984 66 1050 8230 410
Mar 38.52 +0.46 +500H 960 66 1026 8050 430
Apr/May 38.28 +0.45 +230K 895 66 961 7540 130
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.